|
|
|
|
US extends Huawei 90-day reprieve for third time
|
|
|
|
| Top Stories |
 |
|
|
|
IANS | 19 Nov, 2019
The US Department of Commerce
has announced that it would extend a temporary license loosening
restrictions on business deals with Chinese tech giant Huawei for
another 90 days.
It is the third time that the US government
allowed American firms to get the 90-day extension to have "specific,
limited engagements in transactions" with Huawei since the Chinese tech
giant was put on the Entity List over "national security concerns", in
May, Xinhua news agency reported.
The Department had issued
90-day temporary licenses on May 20 and August 19 respectively, to ease
off part of those export restrictions.
"The Temporary General
License (TGL) extension will allow carriers to continue to service
customers in some of the most remote areas of the US who would otherwise
be left in the dark," Secretary of Commerce Wilbur Ross said on Monday.
Last
week, Ross said that some US rural carriers were dependent on Huawei
for their 3G and 4G networks, so the main purpose of the temporary
licenses is to let those rural carriers continue to operate.
Outside
of the TGL scope, any exports, re-exports, or in-country transfers of
items subject to the Export Administration Regulations (EAR) will
continue to require a license, if granted, after a review by the Bureau
of Industry and Security (BIS) under a presumption of denial, according
to the department.
Huawei said in a statement on May 20 that the
US export control decision was in no one's interest and will do
significant economic harm to the American companies with which the
Chinese company does business.
Huawei Chairman Liang Hua said on
Monday that the extension's real impact on the tech giant was very
limited since its products were able to be shipped without the reliance
on the US components and chips, CNBC reported.
In an August
statement, Huawei had noted that "the extension of the TGL does not
change the fact that Huawei has been treated unjustly", and the company
called on the American government to put an end to this unjust treatment
and remove it from the Entity List.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
|
|
| Daily Poll |
 |
 |
| PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
